Texas Capital Bancshares, Inc. (NASDAQ:TCBI) – Jefferies Group increased their FY2018 earnings per share (EPS) estimates for Texas Capital Bancshares in a report released on Monday. Jefferies Group analyst C. Haire now anticipates that the bank will post earnings of $4.95 per share for the year, up from their previous forecast of $4.90. Jefferies Group currently has a “Buy” rating and a $104.00 price target on the stock. Jefferies Group also issued estimates for Texas Capital Bancshares’ FY2019 earnings at $5.40 EPS.

Get Texas Capital Bancshares Inc. alerts:

A number of other research firms have also commented on TCBI. ValuEngine raised shares of Texas Capital Bancshares from a “hold” rating to a “buy” rating in a report on Tuesday, June 27th. BidaskClub lowered shares of Texas Capital Bancshares from a “sell” rating to a “strong sell” rating in a report on Monday, August 14th. Stephens reaffirmed a “hold” rating and set a $84.00 target price on shares of Texas Capital Bancshares in a report on Thursday, July 20th. Zacks Investment Research lowered shares of Texas Capital Bancshares from a “buy” rating to a “hold” rating in a report on Friday, July 7th. Finally, Hovde Group lifted their target price on shares of Texas Capital Bancshares from $85.00 to $86.00 and gave the stock a “market perform” rating in a report on Tuesday, August 1st. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus target price of $87.33.

WARNING: This piece was first published by Ticker Report and is the property of of Ticker Report. If you are accessing this piece on another site, it was copied illegally and republished in violation of US and international trademark & copyright laws. The correct version of this piece can be accessed at https://www.tickerreport.com/banking-finance/2955800/jefferies-group-brokers-raise-earnings-estimates-for-texas-capital-bancshares-inc-tcbi.html.

Texas Capital Bancshares (TCBI) traded down 1.47% during midday trading on Tuesday, hitting $83.95. The stock had a trading volume of 149,877 shares. The stock’s 50-day moving average is $79.38 and its 200-day moving average is $77.98. Texas Capital Bancshares has a one year low of $54.20 and a one year high of $93.35. The company has a market cap of $4.16 billion, a P/E ratio of 23.30 and a beta of 1.68.

Texas Capital Bancshares (NASDAQ:TCBI) last released its quarterly earnings data on Wednesday, July 19th. The bank reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.94 by $0.03. The business had revenue of $201.73 million during the quarter, compared to analyst estimates of $197.10 million. Texas Capital Bancshares had a return on equity of 10.01% and a net margin of 21.84%. During the same period last year, the company posted $0.78 EPS.

A number of hedge funds and other institutional investors have recently made changes to their positions in TCBI. US Bancorp DE boosted its stake in Texas Capital Bancshares by 72.4% in the 1st quarter. US Bancorp DE now owns 3,821 shares of the bank’s stock worth $318,000 after purchasing an additional 1,605 shares during the period. UBS Asset Management Americas Inc. boosted its stake in Texas Capital Bancshares by 19.3% in the 1st quarter. UBS Asset Management Americas Inc. now owns 28,965 shares of the bank’s stock worth $2,417,000 after purchasing an additional 4,681 shares during the period. Karp Capital Management Corp acquired a new position in Texas Capital Bancshares in the 1st quarter worth $922,000. Parametric Portfolio Associates LLC boosted its stake in Texas Capital Bancshares by 1.7% in the 1st quarter. Parametric Portfolio Associates LLC now owns 79,629 shares of the bank’s stock worth $6,645,000 after purchasing an additional 1,331 shares during the period. Finally, Asset Management One Co. Ltd. acquired a new position in Texas Capital Bancshares in the 1st quarter worth $1,041,000.

In related news, insider C Keith Cargill bought 3,000 shares of Texas Capital Bancshares stock in a transaction that occurred on Friday, August 11th. The stock was purchased at an average cost of $74.15 per share, with a total value of $222,450.00. Following the purchase, the insider now owns 80,286 shares in the company, valued at $5,953,206.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.47% of the stock is currently owned by corporate insiders.

About Texas Capital Bancshares

Texas Capital Bancshares, Inc is a bank holding and a financial holding company. The Company is the parent of Texas Capital Bank, National Association (the Bank). It offers a range of loan, deposit account and other financial products and services to its customers. It offers a range of products and services for its business customers, including commercial loans for general corporate purposes, including financing for working capital, internal growth, acquisitions and financing for business insurance premiums; medium- and long-term tax-exempt loans for municipalities and other governmental and tax-exempt entities; wealth management and trust services, and letters of credit.